6.11 Leases
The movements in right-of-use assets were as follows:
x € 1,000
2022 |
01 January 2022 |
Depreciation |
Additions |
Changes in lease period and other changes |
31 December 2022 |
Office buildings |
38,869 |
-8,569 |
2,185 |
6,206 |
38,691 |
Vehicle fleet |
25,895 |
-11,262 |
11,985 |
-449 |
26,169 |
Other equipment |
8,870 |
-4,575 |
2,298 |
532 |
7,125 |
Total |
73,634 |
-24,406 |
16,468 |
6,289 |
71,985 |
2021 |
01 January 2021 |
Depreciation |
Additions |
Changes in lease period and other changes |
31 December 2021 |
Office buildings |
44,975 |
-8,136 |
1,539 |
491 |
38,869 |
Vehicle fleet |
27,481 |
-10,835 |
9,102 |
147 |
25,895 |
Other equipment |
9,141 |
-4,248 |
3,532 |
445 |
8,870 |
Total |
81,597 |
-23,219 |
14,173 |
1,083 |
73,634 |
The amounts in the column headed 'Changes in lease period and other changes' are connected with lease renewals and rent increases.
The movement in the lease liabilities was as follows:
x € 1,000
2022 |
01 January 2022 |
Additions |
Lease payments |
Interest |
Changes in lease period and other changes |
31 December 2022 |
Office buildings |
38,232 |
2,064 |
-9,727 |
1,193 |
6,377 |
38,139 |
Vehicle fleet |
26,465 |
11,886 |
-11,772 |
617 |
-517 |
26,679 |
Other equipment |
8,987 |
2,298 |
-4,952 |
303 |
736 |
7,372 |
Total |
73,684 |
16,248 |
-26,451 |
2,113 |
6,596 |
72,190 |
2021 |
01 January 2021 |
Additions |
Lease payments |
Interest |
Changes in lease period and other changes |
31 December 2021 |
Office buildings |
43,875 |
1,539 |
-8,907 |
1,377 |
348 |
38,232 |
Vehicle fleet |
27,960 |
9,102 |
-11,426 |
680 |
149 |
26,465 |
Other equipment |
9,288 |
3,532 |
-4,509 |
318 |
358 |
8,987 |
Total |
81,123 |
14,173 |
-24,842 |
2,375 |
855 |
73,684 |
The maturity of the lease liabilities (based on due dates of the lease instalments) per category of underlying asset can be analysed as follows:
x € 1,000
31 December 2022 |
Total lease instalments payable |
< 1 year |
1-5 years |
> 5 years |
Office buildings |
43,932 |
10,276 |
26,992 |
6,664 |
Vehicle fleet |
27,544 |
11,332 |
16,212 |
0 |
Other equipment |
7,797 |
3,411 |
4,182 |
204 |
Total |
79,273 |
25,019 |
47,386 |
6,868 |
31 December 2021 |
Total lease instalments payable |
< 1 year |
1-5 years |
> 5 years |
Office buildings |
41,256 |
8,698 |
24,223 |
8,335 |
Vehicle fleet |
27,468 |
10,477 |
16,983 |
8 |
Other equipment |
9,590 |
3,662 |
5,410 |
518 |
Total |
78,314 |
22,837 |
46,616 |
8,861 |
The interest expense on the lease liabilities in 2022 amounted to €2.1 million (2021: €2.4 million).
The cost in 2022 of short-term leases for which right-of-use assets have not been recognised amounted to €94 million (2021: €98 million). This largely concerns short-term equipment rental on projects.
The total cash outflow relating to leases amounted to €123 million in 2022 (2021 €125 million). This includes the aforementioned short-term rental of equipment on projects.
The weighted average incremental borrowing rate that has been used in determining the amount of the liability in 2022 is 3% (2021: 3%).